Delay in VAT refunds in the Philippines
First written in FY2017-Q1. 19 of 25 entries say "Restated". Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 4,531 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds.」
The outstanding VAT and the denial notices remain, while the outstanding amount has decreased from the previous 9,579 thousand Philippine pesos to 4,531 thousand Philippine pesos. - FY2026-H1MitigatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 4,531 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds.」
The outstanding VAT and the denial notices remain, while the outstanding amount has decreased from the previous 9,579 thousand Philippine pesos to 4,531 thousand Philippine pesos. - FY2025-H1RestatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 9,579 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds.」
The outstanding VAT is 9,579 thousand Philippine pesos, unchanged from the previous disclosure, and the status of the refund denials and the filing or preparation of proceedings with the tax court also remains unchanged. - FY2024-Q3RestatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 9,579 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds.」
The outstanding VAT is 9,579 thousand Philippine pesos, unchanged from the previous disclosure, and the denial notices and the filing or preparation of proceedings with the tax court continue. - FY2024-Q2MitigatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 9,579 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds. The consolidated subsidiary considers the denial notices unjustified because they contain material errors of fact and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
The outstanding VAT, the denials, and the litigation or preparations for filing proceedings continue, while the outstanding amount has decreased from the 12,760 thousand Philippine pesos previously reported to 9,579 thousand Philippine pesos. - FY2024-Q1MitigatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 12,760 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds.」
The outstanding VAT, the denials, and the litigation or preparations for filing proceedings continue, while the disclosed outstanding amount has decreased from the previous 16,905 thousand Philippine pesos to 12,760 thousand Philippine pesos. - FY2023-Q3RestatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 16,905 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds. The consolidated subsidiary considers the denial notices unjustified because they contain material errors in their understanding of the facts and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
Continued disclosure of the outstanding 16,905 thousand Philippine pesos, notices denying some claims, and the status of proceedings filed or being prepared with the tax court. - FY2022-Q2RestatedAnnual report
「The consolidated subsidiary considers the VAT for which claims have been filed refundable.」
Continued disclosure of the status of the outstanding 16,905 thousand Philippine pesos, the denial of some claims, and the filing or preparation of proceedings with the tax court. - FY2022-Q1RestatedAnnual report
「The consolidated subsidiary considers the VAT for which claims have been filed refundable.」
Continued disclosure of the status of the outstanding 16,905 thousand Philippine pesos, the denial of some claims, and the filing or preparation of proceedings with the tax court. - FY2021-Q2RestatedAnnual report
「The consolidated subsidiary considers the VAT for which claims have been filed refundable.」
Continued disclosure of the outstanding VAT of 16,905 thousand Philippine pesos, notices denying some claims, and the filing or preparation of proceedings with the tax court. - FY2020RestatedAnnual report
「The consolidated subsidiary considers the denial notices unjustified because they contain material errors of fact and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
Continued disclosure of the outstanding VAT of 16,905 thousand Philippine pesos, notices denying some claims, and the filing or preparation of proceedings with the tax court. - FY2020-Q3RestatedAnnual report
「The consolidated subsidiary considers the denial notices unjustified because they contain material errors in their understanding of the facts and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
Continued disclosure of the outstanding VAT of 16,905 thousand Philippine pesos, notices denying some claims, and the filing or preparation of proceedings with the tax court. - FY2020-Q2RestatedAnnual report
「The consolidated subsidiary considers the denial notices unjustified because they contain material errors of fact and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
Continued disclosure of the outstanding VAT of 16,905 thousand Philippine pesos, notices denying some claims, and the filing or preparation of proceedings with the tax court. - FY2020-Q1RestatedAnnual report
「The consolidated subsidiary considers the denial notices unjustified because they contain material errors of fact and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
Continued disclosure of the outstanding VAT of 16,905 thousand Philippine pesos, notices denying some claims, and the filing or preparation of proceedings with the tax court. - FY2019-Q3RestatedAnnual report
「The consolidated subsidiary considers the denial notices unjustified because they contain material errors in their understanding of the facts and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
Continued disclosure of the outstanding VAT of 16,905 thousand Philippine pesos, notices denying some claims, and the filing or preparation of proceedings with the tax court. - FY2019-Q2RestatedAnnual report
「The consolidated subsidiary considers the denial notices unjustified because they contain material errors of fact and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
Continued disclosure of the outstanding 16,905 thousand Philippine pesos, notices denying some claims, and the filing or preparation of proceedings with the tax court. - FY2019-Q1RestatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 16,905 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds. The consolidated subsidiary considers the denial notices unjustified because they contain material errors of fact and is filing, or preparing to file, proceedings with the tax court of the country concerned seeking cancellation of the denials and payment of the refunds.」
Continued disclosure of the outstanding 16,905 thousand Philippine pesos, notices denying some claims, and the filing or preparation of proceedings with the tax court. - FY2018WorsenedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but due to delays in the tax authority’s VAT refund procedures, VAT amounting to 16,905 thousand Philippine pesos has still not been refunded. For some of the claims, the subsidiary has received notices from the tax authority denying the refunds.」
The outstanding amount of 16,905 thousand Philippine pesos remains, and notices denying refunds for some claims have been received, with legal proceedings filed or preparations for filing under way. - FY2018-Q3RestatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but some of the value-added tax has still not been refunded due to delays in the tax authority’s VAT refund procedures.」
Delays in the refund procedures and outstanding refunds remain for part of the VAT claimed by the Philippine subsidiary. - FY2018-Q2RestatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but some of the value-added tax has still not been refunded due to delays in the tax authority’s VAT refund procedures.」
Delays in the refund procedures and outstanding refunds remain for part of the VAT claimed by the Philippine subsidiary. - FY2018-Q1RestatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but some of the value-added tax has still not been refunded due to delays in the tax authority’s VAT refund procedures.」
Delays in the refund procedures and outstanding refunds remain for VAT claims filed in the Philippines. - FY2017RestatedAnnual report
「The consolidated subsidiary has filed refund claims with the tax authority of the country concerned without delay, but some of the value-added tax has still not been refunded due to delays in the tax authority’s VAT refund procedures.」
Continued disclosure of delays in the VAT refund procedures in the Philippines and the outstanding refunds. - FY2017-Q3RestatedAnnual report
「Due to delays in the Bureau’s VAT refund procedures, part of the VAT amounting to PHP 16.905 million has still not been refunded.」
The VAT refund of PHP 16.905 million remains outstanding. - FY2017-Q2RestatedAnnual report
「Due to delays in the Bureau’s VAT refund procedures, part of the VAT amounting to PHP 16.905 million has still not been refunded.」
Continued disclosure that VAT amounting to PHP 16.905 million remains outstanding for refund. - FY2017-Q1First statedAnnual report
「The consolidated subsidiary has filed refund claims with the country’s Bureau of Internal Revenue without delay, but due to delays in the Bureau’s VAT refund procedures, part of the VAT amounting to PHP 16.905 million has still not been refunded.」
The subsidiary has a right to claim VAT refunds, but PHP 16.905 million remains outstanding.